"SMART" METERS TO COST US £300 EACH

Every household in the UK will have to pay a total of £300 each by 2020 so that electric companies can fit new "smart" meters. These meters are supposed to lead to energy savings by consumers switching off appliances (they hope!) and will also enable readings to be taken remotely. Although this will lead to very substantial savings for the companies, it is the poor old consumer that has to pay, according to this article in the Telegraph.